Massachusetts Financial Services Co. MA Acquires 1,426,723 Shares of Baker Hughes Company $BKR

Key Points

• Massachusetts Financial Services Co. MA raised its Baker Hughes stake by 429.2%, buying 1,426,723 shares in Q4 and now owns 1,759,143 shares (about 0.18% of the company) valued at roughly $80.1 million.
• Analysts have been upgrading targets and ratings—MarketBeat shows a consensus of Moderate Buy with an average target of $60.70 and 20 Buy vs. 2 Hold ratings.
• Baker Hughes posted a Q4 earnings and revenue beat (EPS $0.78 vs. $0.67; revenue $7.39B vs. $7.09B) and agreed to sell Waygate Technologies to Hexagon for about $1.45 billion, a move expected to improve cash and enable capital reallocation.

Massachusetts Financial Services Co. MA raised its holdings in Baker Hughes Company (NASDAQ:BKR - Free Report) by 429.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,759,143 shares of the company's stock after buying an additional 1,426,723 shares during the period. Massachusetts Financial Services Co. MA owned about 0.18% of Baker Hughes worth $80,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Formidable Asset Management LLC lifted its stake in shares of Baker Hughes by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 7,341 shares of the company's stock valued at $358,000 after buying an additional 225 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Baker Hughes by 16.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,619 shares of the company's stock valued at $74,000 after purchasing an additional 228 shares during the last quarter. AMG National Trust Bank raised its holdings in shares of Baker Hughes by 3.7% in the third quarter. AMG National Trust Bank now owns 6,831 shares of the company's stock valued at $333,000 after purchasing an additional 246 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Baker Hughes by 45.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 811 shares of the company's stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of Baker Hughes by 1.3% in the third quarter. Linden Thomas Advisory Services LLC now owns 19,674 shares of the company's stock valued at $959,000 after purchasing an additional 257 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BKR shares. Piper Sandler increased their target price on shares of Baker Hughes from $52.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, January 28th. Susquehanna increased their target price on shares of Baker Hughes from $65.00 to $70.00 and gave the company a "positive" rating in a report on Tuesday, April 7th. Barclays increased their target price on shares of Baker Hughes from $55.00 to $57.00 and gave the company an "overweight" rating in a report on Tuesday, January 27th. Citigroup increased their target price on shares of Baker Hughes from $64.00 to $69.00 and gave the company a "buy" rating in a report on Monday, April 6th. Finally, Capital One Financial increased their target price on shares of Baker Hughes from $60.00 to $66.00 and gave the company an "overweight" rating in a report on Friday. Twenty investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $60.70.

Baker Hughes Stock Performance

NASDAQ:BKR opened at $62.56 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 1.00. The business has a fifty day simple moving average of $60.90 and a two-hundred day simple moving average of $52.96. Baker Hughes Company has a 1 year low of $34.56 and a 1 year high of $67.00. The company has a market capitalization of $61.82 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.75 and a beta of 0.90.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results on Monday, January 26th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.11. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The business had revenue of $7.39 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same period last year, the business posted $0.70 earnings per share. The business's revenue for the quarter was up .3% on a year-over-year basis. On average, analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a $0.23 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. Baker Hughes's dividend payout ratio (DPR) is presently 35.38%.

Trending Headlines about Baker Hughes

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Baker Hughes agreed to sell Waygate Technologies to Hexagon for roughly $1.45 billion in an all‑cash deal, expected to close in H2 2026 — the divestiture trims non‑core exposure, improves cash position and can fund buybacks/debt reduction or reallocation to core oilfield and energy tech businesses. Baker Hughes Announces Sale of Waygate Technologies to Hexagon
• Positive Sentiment: Baker Hughes reported a Q4 beat (EPS and revenue above expectations in January) and showed solid margins, which underpins near‑term profitability and supports analyst revisions. Reflecting On Oilfield Services Stocks’ Q4 Earnings: Baker Hughes
• Positive Sentiment: Deal flow in growth areas: Baker Hughes’ Argentina NovaLT agreement highlights exposure to gas and LNG growth markets, reinforcing the company’s longer‑term growth narrative outside pure oilfield services. Baker Hughes Argentina NovaLT Deal Highlights Gas And LNG Growth Story
• Positive Sentiment: An analyst price target was raised to $66, reflecting more favorable estimates after recent results and portfolio moves — a signal that some sell‑side analysts see upside from current levels. Baker Hughes NASDAQ: BKR Price Target Raised to $66.00
• Neutral Sentiment: Analysts are reworking valuation assumptions across Baker Hughes (and peers), adjusting growth, margin and capital‑allocation forecasts — this creates short‑term volatility as markets digest model changes. How The Baker Hughes (BKR) Story Is Shifting As Analysts Rework Valuation Assumptions
• Neutral Sentiment: Several news aggregators and market rundowns flagged Baker Hughes as a stock to watch today following the Waygate sale and recent analyst commentary — increased attention can amplify intraday moves but doesn’t by itself change fundamentals. 4 stocks to watch on Monday: RVMD, GS, BKR, MCD

Insider Buying and Selling at Baker Hughes

In other news, CAO Rebecca L. Charlton sold 1,985 shares of Baker Hughes stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $55.77, for a total value of $110,703.45. Following the completion of the transaction, the chief accounting officer owned 12,052 shares in the company, valued at $672,140.04. This trade represents a 14.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Maria Georgia Magno sold 19,150 shares of Baker Hughes stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $59.11, for a total transaction of $1,131,956.50. Following the completion of the transaction, the insider owned 14,588 shares of the company's stock, valued at $862,296.68. The trade was a 56.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 590,251 shares of company stock worth $35,311,023 over the last three months. Company insiders own 0.27% of the company's stock.

About Baker Hughes

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm's roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE's oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.

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